(Figure: Policy Alternatives) Use Figure: Policy Alternatives. If the economy is in equilibrium at Y1 in panel (a), it i
Posted: Fri Jul 01, 2022 7:54 am
(Figure: Policy Alternatives) Use Figure: Policy Alternatives.If the economy is in equilibriumat Y1 in panel (a), it is:
in simultaneous short-run and long-run equilibrium.
in a recessionary gap.
in an inflationary gap.
at full employment.
in simultaneous short-run and long-run equilibrium.
in a recessionary gap.
in an inflationary gap.
at full employment.